EMC Capital Management Has $181,000 Holdings in Brighthouse Financial, Inc. (NASDAQ:BHF)

EMC Capital Management trimmed its position in shares of Brighthouse Financial, Inc. (NASDAQ:BHF) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,776 shares of the company’s stock after selling 535 shares during the quarter. EMC Capital Management’s holdings in Brighthouse Financial were worth $181,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. US Bancorp DE raised its holdings in Brighthouse Financial by 0.9% during the 3rd quarter. US Bancorp DE now owns 35,755 shares of the company’s stock valued at $1,610,000 after acquiring an additional 319 shares during the period. CWM LLC grew its position in shares of Brighthouse Financial by 29.4% in the third quarter. CWM LLC now owns 1,491 shares of the company’s stock valued at $67,000 after purchasing an additional 339 shares in the last quarter. Creative Planning lifted its holdings in Brighthouse Financial by 5.7% during the 3rd quarter. Creative Planning now owns 7,843 shares of the company’s stock worth $353,000 after purchasing an additional 420 shares in the last quarter. KBC Group NV boosted its stake in Brighthouse Financial by 30.2% in the 3rd quarter. KBC Group NV now owns 2,001 shares of the company’s stock worth $90,000 after purchasing an additional 464 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Brighthouse Financial by 989.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock valued at $28,000 after buying an additional 564 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods raised their price objective on shares of Brighthouse Financial from $48.00 to $60.00 and gave the company a “market perform” rating in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating for the company in a research report on Tuesday, January 7th. Wells Fargo & Company dropped their price objective on Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Barclays upgraded Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $52.00 to $85.00 in a research note on Wednesday. Finally, Piper Sandler dropped their price target on Brighthouse Financial from $55.00 to $52.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Brighthouse Financial presently has an average rating of “Hold” and an average target price of $57.63.

Insider Activity at Brighthouse Financial

In related news, EVP Myles Lambert sold 8,400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total transaction of $434,280.00. Following the transaction, the executive vice president now directly owns 33,407 shares in the company, valued at $1,727,141.90. This trade represents a 20.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by insiders.

Brighthouse Financial Price Performance

Shares of Brighthouse Financial stock opened at $61.26 on Friday. The firm has a market capitalization of $3.64 billion, a PE ratio of -3.01 and a beta of 1.08. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.56. Brighthouse Financial, Inc. has a 12 month low of $40.00 and a 12 month high of $64.00. The business’s 50-day moving average price is $50.10 and its 200-day moving average price is $47.63.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Thursday, November 7th. The company reported $3.99 EPS for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same quarter in the previous year, the business earned $4.18 earnings per share. Sell-side analysts forecast that Brighthouse Financial, Inc. will post 18.2 EPS for the current fiscal year.

About Brighthouse Financial

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders’ needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.